Market Update: MetLife Inc (NYSE:MET) – MetLife Announces First Quarter 2016 Preferred Stock Dividend Action, Subject to Final Confirmation

[ Business Wire] – MetLife, Inc. today announced that it has declared a first quarter 2016 dividend of $0.25277777 per share on the company’s floating rate non-cumulative preferred stock , Series A , subject to the final confirmation that it has met the financial tests specified in the certificate of designations for the Series A preferred stock , which the company anticipates will be made and announced on or about March … Read more on this. MetLife, Inc. (MET) , currently valued at $42.94B, opened at $38.96. Looking at today’s market, MET one day range is $38.49 to $39.17 with the price of the stock fluctuating between $35.00 to $58.23 over the last 52 weeks. MetLife (MET) shares are currently priced at 6.85x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 12.50x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.50 per share annually in dividends, yielding 3.95%. According to a consensus of 17 analysts, the earnings estimate of $1.40 per share would be $0.04 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $5.72, which would be a $0.86 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $17.22 Billion. If reported, that would be a 1.12% increase over the year-ago quarter. In terms of ratings, Raymond James upgraded MET from Mkt Perform to Strong Buy (Jan 22, 2016). Previously, Macquarie upgraded MET from Neutral to Outperform. The average price target for MET shares by the analysts covering the stock is $54.36, which is 39.53% above where the stock opened this morning. See more in (NYSE:MET) Similar Articles: Stock Update: MetLife Inc (NYSE:MET) – MetLife Executive Vice President & CFO to Speak at Bank of America Merrill Lynch 2016 Insurance Conference Company Update (NYSE:MET): MetLife Declares First Quarter 2016 Common Stock Dividend Stock Update: MetLife Inc (NYSE:MET) – MetLife Announces Third Quarter Non-Cash Charge